OPEN-SOURCE SCRIPT
Updated EMR Strategy [H1 Backtesting]

EMR Strategy base on EMA, MACD and RSI to supply signal on time frame H1.
Details of Rule as below:
===
1.EMA
+ Time frame: H1
+ Periods: 25, 100 (~ EMA 25 H4), 600 (~ EMA 25 D1)
===
2.MACD
+ Time frame: H1
+ Periods: 12,26,9
===
3.RSI
+ Time frame: H1
+ Periods: 14
===
4.Trading Rule
4.1.Long Position
+ MACD>0 and RSI>50 and close price moving above EMA 25
+ Close price crossed EMA 100 or crossed EMA 600 at the first time
4.2.Short Position
+ MACD<0 and RSI<50 and close price moving below EMA 25
+ Close price crossed EMA 100 or crossed EMA 600 at the first time
===
5.Money Management
+ This strategy concentrate into winrate.
+ So use trailing stop to protect your profits.
+ And use stoploss to avoid big loss on trades.
Details of Rule as below:
===
1.EMA
+ Time frame: H1
+ Periods: 25, 100 (~ EMA 25 H4), 600 (~ EMA 25 D1)
===
2.MACD
+ Time frame: H1
+ Periods: 12,26,9
===
3.RSI
+ Time frame: H1
+ Periods: 14
===
4.Trading Rule
4.1.Long Position
+ MACD>0 and RSI>50 and close price moving above EMA 25
+ Close price crossed EMA 100 or crossed EMA 600 at the first time
4.2.Short Position
+ MACD<0 and RSI<50 and close price moving below EMA 25
+ Close price crossed EMA 100 or crossed EMA 600 at the first time
===
5.Money Management
+ This strategy concentrate into winrate.
+ So use trailing stop to protect your profits.
+ And use stoploss to avoid big loss on trades.
Release Notes
Update funtion backtest at line 175 and 176Release Notes
Update Table of Infomation and Exit Position Rule4.3.Exit Position
+ Exit Long Position when High Price moving below all 3 EMA
+ Exit Long Position when RSI over 70
+ Exit Short Position when Low Price moving above all 3 EMA
+ Exit Short Position when RSI under 30
Release Notes
Update Input RSI Overbought and Oversold Level, and Rule of Exit Position.4.3.Exit Position
+ Exit Long Position when High Price moving below all 3 EMA
+ Exit Long Position when RSI overbought and EMA25>EMA100 or EMA25>EMA600
+ Exit Short Position when Low Price moving above all 3 EMA
+ Exit Short Position when RSI oversold and EMA25<EMA100 or EMA25<EMA600
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.